Muthoot Microfin’s eagerly awaited Initial Public Offering (IPO) is scheduled for listing on December 26, 2023. The equity shares of Muthoot Microfin Limited will be listed on both BSE and NSE in the ‘B’ group of securities, with the listing ceremony taking place in a special pre-open session.
As per the official notice from BSE, “Trading Members of the Exchange are hereby informed that effective from Tuesday, December 26, 2023, the equity shares of Muthoot Microfin Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities.”
Despite the formal announcement, the grey market is displaying strong positivity for Muthoot Microfin shares. According to market observers, Muthoot Microfin share price is currently enjoying a premium of ₹32 in the grey market. This marks a notable increase from Friday’s Grey Market Premium (GMP) of ₹29.
**Grey Market Premium Analysis:**
– Grey Market Premium Today: ₹32
– Friday’s GMP: ₹29
**Listing Price Projection:**
Analysts suggest that the present GMP of ₹32 in the grey market could translate to a Muthoot Microfin IPO listing price of approximately ₹323 (₹291 + ₹32). This projection indicates an anticipated listing gain of around 11%, considering the IPO price band of ₹277 to ₹291 per equity share.
While the grey market is often abuzz with speculation, seasoned stock market experts emphasize the importance of relying on fundamental analysis. They caution that the grey market, being non-regulated and speculative, might not be a reliable indicator for assessing listing gains. Investors are advised to prioritize scrutinizing the company’s balance sheet and conducting thorough due diligence before making investment decisions.
